We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Financial Policy Committee statement from its policy meeting - 16 March 2012
In February 2011 Consultation Document and June 2011 White Paper, HM Treasury said that the interim Financial Policy Committee should provide advice on which macroprudential tools the statutory FPC would need powers of Direction over in order to meet its proposed objective.
Published on
23 March 2012
These powers of Direction would be in addition to the FPC’s powers of Recommendation. HM Treasury had requested that the Committee give this advice in the first half of 2012. At its meeting on 16 March, the FPC agreed this advice and it is contained in its statement from the meeting.